U.S. Trtf-asury dloot. -, 








S.-S 




Glass E 4 ?Q , 



AMENDED REGULATIONS 



POE, THE 



PURCHASE OF PRODUCTS OF HSURRECTMART STATES 



ON 



GOVERNMENT ACCOUNT. 
MAY 9^ 1865. 



■^ AMENDED REGULATIONS 

^ FOR THE 

^ PUEOHASE OP PEODUCTS OP THE INSUEEEOTION AEY STATES 

ON 

GOVERNMENT ACCOUNT. 
May 9, 1865. 



Treasury Department, 

May 9, 1865. 

I. Agents shall be appointed by the Secretary of the Treasury, with 
the approval of the President, to purchase for the United States, under 
special instructions from the Secretary of the Treasury, products of 
States declared to be in insurrection, at such places as may from time to 
time be designated by the Secretary of the Treasury as markets or places 
of purchase. 

Agents heretofore appointed for the places designated under previous 
Regulations, will continue their agencies as if appointed under these 
Regulations. 

II. Before entering upon the discharge of his duty, each of the 
Agents so appointed shall execute a bond, with sureties in the prescribed 
form, in a penal sum to be fixed by the Secretary of the Treasury, con- 
ditioned for the faithful discharge of his duty, and that he shall not 
engage, directly or indirectly, in the purchase of products on private ac- 
count, nor be, in any way, interested in the products purchased by him, 
or the proceeds or profits arising therefrom. 

_ III. The operations of purchasing agents shall be confined to the 
single article of cotton ; and they shall give public notice at the place to 
which they may be assigned, that they will purchase, in accordance with 
these regulations, all cotton not captured or abandoned, which may be 
brought to them. 

IV. To meet the requirements of the 8th section of the act of July 2, 
1864, the Agents shall receive all cotton so brought, and forthwith return to 
the seller three-fourths thereof, which portion shall be an average grade 
of the whole, according to the certificate of a sworn expert or sampler. 

V. All cotton purchased and resold by purchasing Agents shall be 
exempt from all fees and all internal taxes. And the Agent selling shall 
mark the same "free," and furnish to the purchaser a bill of sale clearly 
and accurately describing the character and quantity sold, and contain- 
ing a certificate that it is exempt from taxes and fees, as above. 



VI. Purchasing Agents shall keep a full and accurate record of all 
their transactions, including the names of all persons from whom thej 
make purchases, the date of the purchase, a description of the cotton pur- 
chased by them, and the quantity and quality thereof, also of the one- 
quarter retained by them. A transcript of this record will be transmitted 
to the Secretary of the Treasury on the first day of each month. 

VII. Sales of the cotton retained by the purchasing Agents under 
Regulation IV, as the difference between three-fourths the market price 
and the full price thereof in the city of New York, may be made by such 
Agents at such places and times and in such manner as may be directed 
in special instructions from the Secretary of the Treasury. Where such 
sales are not so authorized, the Agents shall, without delay, ship it to New 
York, on the best terms possible, consigned, until otherwise directed, to 
S. Draper, cotton agent and disbursing officer at that place. Bills of 
lading in triplicate for such shipment must be taken, one of which shall 
be sent to the agent at New York, one to the Secretary of the Treasury, 
and one retained by the purchasing Agent. 

VIII. Prior to the close of each month, and in sufficient time for the 
necessary action, the purchasing Agent shall prepare and forward to the 
Commissioner of Customs a full estimate of the probable expenses of his 
office for the month next ensuing, the amount of which, together with any 
sum found due from inadequacy of former estimate, or less so much as 
may remain unexpended from any amount previously sent, will be 
transmitted to said purchasing Agent. Purchasing Agents will require 
receipts in triplicate for all moneys paid by them, one of which receipts, 
shall be forwarded to the disbursing officer, one to the 1st Auditor of the 
Treasury with his accounts, and one retained by the Agent. 

IX. All Agents are prohibited from purchasing any product of an in- 
surrectionary State, which shall have been captured by the military or 
naval forces of the United States, or which shall have been abandoned 
by the lawful owner thereof. 

X. These regulations, which are intended to revoke and annul all 
others on the subject heretofore made, will take effect and be in force on 
and after May 10, 1865. 

HUGH Mcculloch, 

Secretary of the Treasury. 



Executive Chamber, 
Washington City^ May 9, 1865. 
Approved. 

ANDREW JOHNSON. 



LIBRARY OF CONGRESS 





013 701 603 5 



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